Published on 9/28/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $462,000 contingent buffered digital notes tied to three indexes
By Susanna Moon
Chicago, Sept. 28 – JPMorgan Chase Financial Co. LLC priced $462,000 of 0% contingent buffered digital notes due Dec. 28, 2023 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus a fixed return of 85%.
If any index falls but by no more than the 30% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Contingent buffered digital notes
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Underlying indexes: | Russell 2000 index, S&P 500 index and the Dow Jones industrial average
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Amount: | $462,000
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Maturity: | Dec. 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 85%; if each index falls by up to 30%, par; otherwise, par plus return of worst performing index with full exposure to any losses
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Initial levels: | 1,450.781 for Russell, 2,502.22 for S&P and 22,349.59 for Dow
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Contingent buffer: | 30%
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Pricing date: | Sept. 22
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Settlement date: | Sept. 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 46647M4Q3
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